Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2016 Chapters List Chapter IV INDIRECT TAXES Customs This

Clause 120 - Substitution of new section for section 53- Transit of certain goods without payment of duty - FINANCE BILL, 2016

FINANCE BILL, 2016
Chapter IV
INDIRECT TAXES

Customs
  • Contents

Substitution of new section for section 53

120. In the Customs Act, for section 53, the following section shall be substituted, namely:––

Transit of certain goods without payment of duty

“53. Subject to the provisions of section 11, where any goods imported in a conveyance and mentioned in the import manifest or the import report, as the case may be, as for transit in the same conveyance to any place outside India or to any customs station, the proper officer may allow the goods and the conveyance to transit without payment of duty, subject to such conditions, as may be prescribed.”.

 



 

Notes on Clauses:

Clause 120 of the Bill seeks to substitute section 53 of the Customs Act so as to enable the proper officer to allow transit of certain goods and conveyance without payment of duty, subject to the conditions specified by the Board by regulations.

 
 
 
 

Quick Updates:Latest Updates